Nigeria (NGA) and Suriname (SUR) Trade | The Observatory of Economic Complexity

About

Nigeria-Suriname Trade: In 2022, Nigeria exported $82.7k to Suriname. The main products that Nigeria exported to Suriname were Shaving Products ($8.05k), Beauty Products ($6.94k), and Fake Hair ($6.63k). Over the past 5 years the exports of Nigeria to Suriname have increased at an annualized rate of 21.1%, from $31.7k in 2017 to $82.7k in 2022.

In 2022, Nigeria did not export any services to Suriname.

Suriname-Nigeria Trade: In 2022, Suriname exported $15.1k to Nigeria. The main products that Suriname exported to Nigeria were Equine and Bovine Hides ($24.7k), Spark-Ignition Engines ($15.2k), and Motor vehicles; parts and accessories (8701 to 8705) ($13.6k). Over the past 5 years the exports of Suriname to Nigeria have decreased at an annualized rate of 28.2%, from $79.4k in 2017 to $15.1k in 2022.

In 2022, Suriname did not export any services to Nigeria.

Comparison In 2022, Nigeria ranked 127 in the Economic Complexity Index (ECI -1.67), and 51 in total exports ($70.7B). That same year, Suriname ranked 137 in total exports ($2.94B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Nigeria exported $82.7k to Suriname. The main products exported from Nigeria to Suriname were Shaving Products ($8.05k), Beauty Products ($6.94k), and Fake Hair ($6.63k). During the last 5 years the exports of Nigeria to Suriname have increased at an annualized rate of 21.1%, from $31.7k in 2017 to $82.7k in 2022.

In 2017, Suriname exported $15.1k to Nigeria. The main products exported from Suriname to Nigeria were Equine and Bovine Hides ($24.7k), Spark-Ignition Engines ($15.2k), and Motor vehicles; parts and accessories (8701 to 8705) ($13.6k). During the last 21 years the exports of Suriname to Nigeria have decreased at an annualized rate of 28.2%, from $79.4k in 1996 to $15.1k in 2017.

Exports from Nigeria () to Suriname () (2022)

Exports from Suriname () to Nigeria () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Nigeria
Top DestinationSpain$9.41B

Suriname
Top DestinationSwitzerland$1.15B

This map shows whether countries import more from Nigeria or Suriname. Each country is colored based on the difference in imports they receive from Nigeria and Suriname or the difference in the growth in imports.

In 2022, countries that imported more from Nigeria than Suriname included Spain ($9.41B), India ($8.2B), and France ($4.95B).

In 2022, countries that imported more from Suriname than Nigeria included Guyana ($159M), Trinidad and Tobago ($126M), and United Arab Emirates ($609M).

Difference in imports from Suriname () and Nigeria () (2022)

Comparative Advantage Nigeria - Suriname

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Nigeria and Suriname by product, considering products traded by both, Nigeria and Suriname.

During 2022, Nigeria had a large net trade with Suriname in the exports of Chemical Products ($18.2k), Footwear and Headwear ($6.63k), and Textiles ($4.47k).

During 2017, Suriname had a large net trade with Nigeria in the exports of Machines ($25.9k), Animal Hides ($24.7k), and Transportation ($14.8k).

Potential Exports

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Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Nigeria and Suriname. This means that a dot/product with the flag of Nigeria indicates it has a comparative advantage over Suriname. Similarly, a dot/product with the flag of Suriname indicates it has a comparative advantage over Nigeria.

About

Historical Data

Bilateral Trade by Products

Exports from Nigeria () to Suriname () (2022)

Exports from Suriname () to Nigeria () (2022)

Market Competitiveness

Difference in imports from Suriname () and Nigeria () (2022)

Comparative Advantage Nigeria - Suriname

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Nigeria () and Suriname () (2022)

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